MADISON, Wis.–Another keynote speaker has been named for the World Credit Union Conference, set for Boston this summer.
The World Council of Credit Unions said innovation strategist and bestselling author Shawn Kanungo will address the meeting.
“The business world has fundamentally changed forever. The growth and adoption of new technologies is at a dizzying pace,” WOCCU said. “Customer and employee expectations have been pushed forward 10 years due to the pandemic. We are now looking for organizations to be fearless in a changing world.
“These drivers are forcing everyone to reimagine their entire organizations. How do we survive?” WOCCU continued. “How do we disrupt ourselves before someone else does? How do we deliver better experiences to our clients, customers, and teams?”
In order to be “bold, brave and experimental,” WOCCU said Shawn Kanungo will provide an “optimistic roadmap for the future,” and will explore how credit unions can take unexpected approaches to innovation to remain competitive and relevant.
For those seeking a “sneak peek,” WOCCU said “Shawn Kanungo: The Bold Ones” can be streamed on Apple TV and Amazon Prime today.
The meeting is scheduled for July 21-24 in Boston. To register, go here. ‘
WOCCU’s Price Working With CUs in Trinidad & Tobago
Separately, WOCCU is reporting that its SVP-international advocacy, Andrew Price, arrived in Trinidad and Tobago at the request of the Co-operative Credit Union League of Trinidad & Tobago (CCULTT) to meet with “numerous stakeholders and assist in crafting reforms that will improve and strengthen the Caribbean nation’s vibrant credit union system.”
According to WOCCU, the Cabinet of Ministers of Trinidad & Tobago in January 2019 appointed a ministerial sub-committee to examine the credit union sector and make recommendations to strengthen it.
“Their recommendations have resulted in a Draft Policy Proposal Document (PPD) to form an Independent Co-operative Authority to regulate the country’s cooperative sector,” the World Council said. “The sub-committee also received input from the World Bank as part of the process. Input from WOCCU, as the international body representing credit unions, is critical at this juncture to ensure the legislative decision-making process considers the appropriate approach for credit unions and their members.
‘Working Jointly’
WOCCU reported that it and the Caribbean Confederation of Credit Unions (CCCU), its direct member in the region, have been working jointly with CCULTT to bring international experience and global best practices to the policymaking process.
“We applaud the efforts of Trinidad and Tobago to evolve and strengthen the regulatory framework for credit unions. If done correctly, this is a real opportunity to maximize the ability of community-based financial institutions to improve financial inclusion, which is key to enhancing the welfare and local economic growth for the citizens of Trinidad & Tobago,” said Price.
‘Unique Nature’
Added CCULTT President Joseph Remy, “It is important that policymakers understand the unique nature of credit unions as member-owned financial cooperatives and how that model can enhance services to underserved and marginalized communities. We know from our international networks and experience that properly tailored regulations that enhance safety and soundness are the best way to achieve these results.”
WOCCU said other reforms under consideration, such as the adoption of deposit insurance, will help advance and modernize regulations for credit unions. There are 129 credit unions, serving approximately 753,000 members and representing approximately US $3 million in assets in Trinidad & Tobago.
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